Add-on Acquisition • Insurance

USI Insurance Services Acquires Sammis Smith & Brush

On January 4, 2007, USI Insurance Services acquired insurance company Sammis Smith & Brush

Acquisition Context
  • This is USI Insurance Services’ 2nd transaction in the Insurance sector.
  • This is USI Insurance Services’ 3rd transaction in the United States.
  • This is USI Insurance Services’ 1st transaction in New York.

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M&A Deal Summary

Date January 4, 2007
Target Sammis Smith & Brush
Sector Insurance
Buyer(s) USI Insurance Services
Deal Type Add-on Acquisition

Target Company

Sammis Smith & Brush

Woodbury, New York, United States
Sammis provides property & casualty insurance products and services to businesses and individuals throughout the Long Island and New York Metro area.
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Buyer Overview 1

Buyer

USI Insurance Services

Valhalla, New York, United States

Category Company
Founded 1994
Sector Insurance
DESCRIPTION

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.


Deal Context for Buyer #
Overall 3 of 94
Sector: Insurance 2 of 83
Type: Add-on Acquisition 3 of 72
State: New York 1 of 7
Country: United States 3 of 94
Year: 2007 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Summit Global Partners

Dallas, Texas, United States

USI is a growing and diversified insurance and financial services firm focused on providing fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Employee Benefits Brokerage

Woodland Hills, California, United States

Employee Benefits Brokerage is a retail employee benefits brokerage firm. Company provides employee benefits products and related services to middle market businesses.

Buy -